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BNY Mellon has appointed Paul Solway as managing director and regional head of equity finance for Asia Pacific.

Based in Hong Kong, Solway will report to Robert Chiuch, managing director, global head of equity finance in New York.

In this new regional role, Solway will be instrumental in developing a strong Asia Pacific equity financing business. His primary focus will be to review and expand BNY Mellon’s local distribution channels, enhance and develop the firm’s equity financing product lines, and additionally, partner with colleagues in the broader global collateral services team to deliver collateral solutions to Asian institutional investors.

Solway will join BNY Mellon’s Asia Pacific operating committee.

“From a securities financing perspective, Asia stands out globally as a region where asset owner demand, and in turn revenues, are rising,” says James Slater, head of the global collateral services securities finance group. “As such, to ensure that we are able to meet the growing needs of Asian institutions, we are steadily investing in our local infrastructure and hiring highly qualified individuals to lead our efforts.”

Solway has over 20 years of experience in the financial services industry and has worked at several global financial institutions before joining BNY Mellon including Macquarie Bank, HSBC Securities and Nomura International.